The Inland Revenue Board
of Malaysia (IRBM) is one of the main revenue collecting agencies of
the Ministry of Finance. The Department of Inland Revenue Malaysia
became a board on March 1, 1996, and is now formally known as IRBM
(commonly known as Income Tax Office).

IRBM was established in
accordance with the Inland Revenue Board of Malaysia Act 1995 to give
it more autonomy especially in financial and personnel management as
well as to improve the quality and effectiveness of tax
administration.

The agency is responsible for the overall administration of direct
taxes under the following Acts :

a. To act as agent of the Government and to provide services in
administering, assessing, collecting and enforcing payment of income
tax, petroleum income tax, real property gains tax, estate duty, stamp
duties and such other taxes as may be agreed between the Government
and the Board;

b. To advise the Government on matters relating to taxation and to
liaise with the appropriate Ministries and statutory bodies on such
matters;

c. To participate in or outside Malaysia in respect of matters
relating to taxation;

d. To perform such other functions as are conferred on the Board by
any other written law; and

e. May act as a collection agent for and on behalf of any body for the
recovery of loans due for repayment to that body under any written
law.